- Jun 12, 2010
- 103,322
- 25,720
It would appear that you can have a high tax rate and low national debt or a low tax rate and a high national debt - but not both.Total Tax Revenue by country and Savings - as a % of Gross Domestic Product
Country / Tax % / Savings %
***********************
Austrailia 30.8% / 2.5% (AAA rating)
Austria 42.3% / 9.8%
Canada 33.3% / 1.1%
Finland 43.0% / -2.2%
France 43.5% / 12.3%
Germany 36.2% / 10.6%
Italy 43.5% / 6.8%
Japan 28.3% / 2.6%
Korea 26.5% / 2.5%
Netherlands 37.5% / 6.4%
Norway 43.6% / 1.4%
Sweden 48.3% / 7.8%
Switzerland 28.9% / 9.5%
United States 28.3% / 1.2%
Sources: OECD Tax Database and OECD Economic Outlook Database
- tax data was from 2007
- savings rates from 2009
Tax Rates By Country
In reality, a high national debt is nothing more than a deferred tax.
Why don't you compare with the same number of population.